Monday, April 28, 2014

New York City Studio Costs Nearly a Million Dollars

Believe it or not, this airy New York City apartment is only 420 square feet large. And better yet, it can accommodate a 12-person dinner party and sleep two overnight guests without a problem. The minimalist space is cleverly designed as a foldable studio that is easily shifted and rearranged. Its current owner Graham Hill purchased and renovated the apartment in 2009, but recently listed it on the market for nearly one million dollars.

At $2,369 per square foot, every inch of usable space is valuable. An expandable dinner table and a foldable murphy bed helps keep the studio clear and tidy. Additionally, it features an ingenious solution to break up the room and create small areas that have their own purpose. Architects installed a moveable wall that slides along tracks in the floor that can be used as pop-up bedroom. For additional privacy, curtains line the entranceways to block out light and allow for peace and quiet.

Hill spent $287,000 on the apartment and paid another $365,000 to build what you see here. He’s not a designer, and instead hosted a competition for architects to transform the space. The winning entry came from Romanian students Catalin Sandu and Adrian Iancu, who beat out over 300 other submissions for this coveted spot.